PitchBook: Australian startups raised $3.4B in 2024, down from 2021's $6.5B peak; 39% of early-stage capital in Australia came from overseas vs. 21% in the US
1. More effectively get the $1T+ of IP out of universities. — 2. Have Australian corporates and governments buy our own innovations …
Atlassian reports Q3 revenue up 14% YoY to $1.36B, vs. $1.29B est., and a net loss of $70.8M, vs. a $12.8M net income in Q3 2024; TEAM drops 10%+
Shares in Atlassian Corp. were down nearly 18% in after-hours trading today after the Australian collaboration software company posted …
Australia-based SafetyCulture, which offers a suite of risk management tools, raised AU$165M led by Airtree at a AU$2.5B valuation, down from AU$2.7B in 2023
SafetyCulture has booked a fresh $165 million funding round, marking one of the year's largest single investments in an Australian scale …
Australian data center operator NextDC is raising AU$1.32B of equity to accelerate development and fit-out of centers in its core Sydney and Melbourne markets
Stuart Condie / Wall Street Journal :
Sources: Canva generated $2B+ in annualized revenue in 2023 and is nearing a $1.5B+ share sale at a ~$26B valuation, roughly the same as in its previous round
- Sale of existing shares would maintain $26 billion valuation — Australian firm saw over $2 billion annualized revenue in 2023
Research: Australian startups raised AU$7.4B across 712 deals in 2022, down 30% YoY from AU$10.6B across 731 deals in 2021, as six startups hit unicorn status
Yoolim Lee / Bloomberg :
National Australia Bank creates the AUDN stablecoin, the second major Australian bank after ANZ's A$DC, letting customers settle transactions on the blockchain
National Australia Bank has become the second of the major banks to create a stablecoin, called the AUDN, to allow its business customers …
Sydney-based Blackbird raised an AU$1B+ fund, the largest Australian VC fund yet, including AU$284M for early-stage in Australia and AU$668M for follow-on bets
Blackbird Ventures has raised the largest Australian venture capital fund yet, securing more than A$1 billion ($640 million) …
Sydney-based Immutable, which develops Ethereum-based tools to monetize NFTs in games, raises $200M led by Temasek at a $2.5B valuation
Australian NFT startup Immutable has raised fresh funding from investors led by Singapore's Temasek in a round that values it at $2.5 billion …
Research: Australian startups raised ~$7.3B+ in 682 deals in 2021, up from ~$2.3B in 2020; 19% of investments went to startups with at least one female founder
but with amazing leaders like our very own @SalMetelerkamp blazing a trail, the future is looking much brighter. A big thank you to @Folklorevc & @nickbonyhady https://www.smh.com.au/... @annie_parker...